Oakbrook Investments LLC Has $891,000 Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Oakbrook Investments LLC lifted its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 24.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,020 shares of the transportation company’s stock after purchasing an additional 1,600 shares during the quarter. Oakbrook Investments LLC’s holdings in J.B. Hunt Transport Services were worth $891,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. D.A. Davidson & CO. grew its stake in J.B. Hunt Transport Services by 0.4% in the 2nd quarter. D.A. Davidson & CO. now owns 2,733 shares of the transportation company’s stock valued at $249,000 after acquiring an additional 12 shares during the last quarter. Alps Advisors Inc. lifted its holdings in J.B. Hunt Transport Services by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 5,071 shares of the transportation company’s stock valued at $463,000 after purchasing an additional 14 shares in the last quarter. Farmers & Merchants Investments Inc. lifted its holdings in J.B. Hunt Transport Services by 1.4% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 1,420 shares of the transportation company’s stock valued at $130,000 after purchasing an additional 20 shares in the last quarter. Contravisory Investment Management Inc. lifted its holdings in J.B. Hunt Transport Services by 0.8% in the 2nd quarter. Contravisory Investment Management Inc. now owns 2,605 shares of the transportation company’s stock valued at $238,000 after purchasing an additional 20 shares in the last quarter. Finally, Tudor Investment Corp ET AL lifted its holdings in J.B. Hunt Transport Services by 0.4% in the 2nd quarter. Tudor Investment Corp ET AL now owns 5,849 shares of the transportation company’s stock valued at $534,000 after purchasing an additional 22 shares in the last quarter. 71.08% of the stock is currently owned by institutional investors and hedge funds.

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In related news, Director Earl Wayne Garrison sold 100,000 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $109.29, for a total value of $10,929,000.00. Following the transaction, the director now owns 2,050,000 shares of the company’s stock, valued at approximately $224,044,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Terrence D. Matthews sold 2,694 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $101.00, for a total value of $272,094.00. Following the completion of the transaction, the executive vice president now directly owns 21,140 shares in the company, valued at approximately $2,135,140. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,119,424 shares of company stock worth $110,920,966. 4.30% of the stock is owned by corporate insiders.

JBHT has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a report on Tuesday, September 19th. Cowen and Company reiterated a “buy” rating and set a $102.00 price objective on shares of J.B. Hunt Transport Services in a report on Friday, August 25th. Loop Capital reiterated a “buy” rating and set a $103.00 price objective (down from $105.00) on shares of J.B. Hunt Transport Services in a report on Saturday, July 22nd. Stifel Nicolaus cut their price objective on shares of J.B. Hunt Transport Services from $114.00 to $111.00 and set a “buy” rating on the stock in a report on Monday, October 16th. Finally, Robert W. Baird reiterated a “hold” rating and set a $112.00 price objective on shares of J.B. Hunt Transport Services in a report on Friday, October 6th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $109.41.

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) traded down $0.15 during mid-day trading on Friday, reaching $101.85. The company’s stock had a trading volume of 729,600 shares, compared to its average volume of 961,631. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.48 and a quick ratio of 1.48. The company has a market capitalization of $11,194.69, a PE ratio of 27.72, a price-to-earnings-growth ratio of 2.08 and a beta of 1.05. J.B. Hunt Transport Services, Inc. has a 12 month low of $83.35 and a 12 month high of $111.98.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Friday, October 13th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.05). J.B. Hunt Transport Services had a net margin of 6.05% and a return on equity of 28.90%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the previous year, the business posted $0.97 earnings per share. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. analysts predict that J.B. Hunt Transport Services, Inc. will post 3.77 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Friday, November 3rd will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Thursday, November 2nd. J.B. Hunt Transport Services’s payout ratio is currently 24.47%.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.

Institutional Ownership by Quarter for J.B. Hunt Transport Services (NASDAQ:JBHT)

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